“Mr. President, on the fiscal cliff, two years ago, sir, you said that you wouldn’t extend the Bush-era tax cuts, but at the end of the day, you did. So, respectfully, sir, why should the American people and the Republicans believe that you won’t cave again this time?”
Before the election ballots were fully counted last week, equity markets were sending President Obama a blunt vote of no confidence. Forget all the political pundits who were heralding his narrow popular vote victory as a mandate for his soak-the-rich tax agenda. The sour message from the investment community that fuels our economy spoke volumes about a fundamentally status quo election.
WASHINGTON -- No other issue is paralyzing the U.S. economy more than the unsettled question of where taxes are headed in the years to come.That question, raised by a tidal wave of expiring tax cuts that will hit most of us on Jan. 1, is the chief cause of the uncertainty that has swept through our economy, stalling business expansion, capital investment and job creation.
After watching the first debate, I refuse to believe that American voters will choose an encore for Obama's version of "hope and change."
I can’t think of an issue that more perfectly captures the national debate than the one right now regarding the expiration of the 2001 and 2003 tax cuts. At the end of this year, current tax rates will expire and taxes will go up if nothing is done.
"We fact-checked that, that five trillion in tax cuts, and we've come and said that's not true."
Dr. Thomas Sowell's "'Trickle Down Theory' and 'Tax Cuts for the Rich'" has just been published by the Hoover Institution. Having read this short paper, the conclusion you must reach is that the term "trickle down theory" is simply a tool of charlatans and political hustlers.
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."
I’m not worried that the Republicans will put spending cuts ahead of tax cuts. I’m worried that they won’t do spending cuts at all -even using the dishonest DC definition.
Boehner is aggressively taking on President Obama's leadership ineptitude on the economy.
Is Biden sure the baby wasn't crying about the trillion dollars of debt she'll have to pay for?
We knew this was coming. In fact, in the first year of the Obama administration, I focused on this very issue. Now it has risen to the level of potential reality. The Obama administration is ready to launch its assault on corporate America in a manner that will extend its current attack on individuals and small businesses to the entire economy.
An election-minded Congress defused the Social Security payroll tax cut issue last week, but a much more politically lethal time bomb is set to go off at the end of the year.
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